Morning journal and courier., 1887-04-05
'
 FROM ALL QUARTERS. NATIONAL BANK TAXES. A Decision By The Su- preme Court. SOME ELECTIONS OUT WEST. A Very Close Contest In
 Cincinnati. .A PRISONERS FURY IN COURT. Dynamite's Deadly Work
 In A Mine.
PRISONERS FURY IN COURT.
NATIONAL BANKS MUST GO.

An Important Decision by the United
 States Supreme Court.
 WAsHINGToN April 4.-The Supreme court of the United States to day decided the New York city national bank tax case ad- versely by affirming decision of the United States circuit court of New York which dis solved temporary injunction restraining the collection of taxes assessed upon the stock of the thirty five New York city na- tional banks by the municipal authorities. This case was brought here by the Mercantile National bank as test case on appeal from the decree of the circuit court and the de- cision against the Mercantile bank to-day will lead to the voluntary payment of taxes due from all the banks during the past two years amounting in all to more than $2, ,000, 900. The question involved was whether the laws of the State, which assess heavier taxes upon shares of national bank stock than upon savings banks, insurance compa- nies, trust companies, etc., conflict with the federal laws expressed in section 5,219 of the revised statutes, which provide that ''taxation of the shares of na- tional banks shall not be at a greater rate than is assessed upon other moneyed capital in the hands of individual citizens of such State" The court in it's decision to-day holds that the manifest purpose of the fed eral statute was to protect national banks from 8 system of burdensome and unjust taxation imposed upon them by unfriendly States and in the interest of other organiza- tions transacting similar business under State or local organizations. The federal law does not refer to all forms of moneyed capital, but to moneyed capital so invested as to be brought into competition with that invested in the business of national banks. The T lI- insurance companies nor savings banks can be ogarded as coming into such mpetition and therefore national banks cannot base an application for relief upon the rate of taxa tion assessed upon these institutions. The federal law eontemplates the protection of national banks ' from uni just discrimination by the States in the interest of other bank ing institutions and in this the court sees no ground for interference.
 THE INTERSTATE COMPASSION
 Give A Hearing To The Mobile And Ohio Regarding Rates.
 WASHINGTON, April 4.-The afternoon session of the interstate commerce commits sion was almost entirely given over to read ing letters. Four of the commissioners vis- ited the rooms offered to them for perma- nent quarters in the new National Theater building. A decision on this subject will be reached in day or two. The chances now are rather in favor of the two floors in the 1 recently completed Baltimore Sun building | on F street. Late ill the afternoon MT. E. l 8. Russell the attorney of the Mobile and Ohio railroad, which runs between Mobile l and St. Louis, submitted petition praying | that it be permitted to charge it's present | rates between non competitive points and | asking authority to fix it's through rates 1 where competition existed with other rail roads and water routes. The reason assign ed for the granting of the requests is that the present receipts barely sufficient to \ any reduction of revenue would mean the company's bankruptcy. Mr. Russell asked | that he be given 8 hearing on the subject | of the petition on Wednesday afternoon. His request was granted. The commission then privately discussed unimportant mat ters relative to clerical assistance, etc. It is I understood that secretary will be named l within the next two or three days. There is
 a probability that Chairman Cooley may go l to Chicago during the week to formally l transfer to his successor the documents
 books and funds pertaining to the receiver. l ship of the Wabash railroad system Com |
 have to go to New York to disembarrass
 himself of professional business. The com
 mission will continue to hold it's sessions
 however, ss three form a quorum.
 In conversation with representative o the United Press this afternoon Judge
 Schoonmaker said he thought that out-of
 town visits of the commission would soon be
 come necessary. It was his opinion tha
 these journeys would be undertaken by bu
 one or two commissioners acting as 8 com
 mittee to hear and take evidence, etc. Ht
 thought it unlikely that all would make lenl
 journeys together this course would be 1 cumbersome method of obtaining informa- !